13 Establishment method of entity subject to subscription

Transcription

1 13 Establishment method of entity subject to subscription The entity subject to subscription prepares AFFriinovation entity to receive subscription from fund by means (1) subscription, (2) investment in kind, (3) separation of the processing department from farmers, forestry workers and fishery workers. It is also possible to accept the subscription additionally from sub-fund and partner companies by utilizing the existing entities. (1) type (2) In-kind subscription type (3) Company split-up type Farmers, forestry workers and fishery workers money Farmers, forestry workers and fishery workers Primary processing facility Farmers, forestry workers and fishery workers Production department Processing department Split-up a processing department Partner companies regional fund, theme fund) money money Enterprises composed of farmers and companies from other industries (joint venture) Copyright. Ministry of Agriculture, Forestry and Fisheries. Partner companies Sub-fund regional fund, theme fund) venture) )Sub-fund Secondary processing facility money Enterprises composed of farmers and companies from other industries (joint Partner companies Sub-fund regional fund, theme fund) money money department Enterprises composed of farmers and companies from other industries (joint venture) Processing )20

2 14 "" as a new policy tool The agriculture, forestry and fisheries industry is more dependent on borrowing than other industries (66.4% in agriculture, forestry and fisheries industries, 33.6% in all industries), and low self-capital ratio (11.9% in agriculture, forestry and fisheries industries, 37.6% in all industries). * Ministry of Finance "Corporate Enterprise Statistics" (FY 2013 survey) For this reason, policy measures to strengthen capital through subscription are effective as a supporting measure to farmers, forestry workers and fishery workers tackling AFFriinovation. Subsidies Loans (this fund) Chara cteris tics Business requirements are strict Collateral & guarantee are not required The use of capital is limited Collateral & guarantee are an issue The use of capital is limited Business design is more flexible Collateral & guarantee are not required Strengthen financial structure If the reciprocal of the average self-capital ratio is considered as the borrowing limit amount, consider how many times of self-capital can be financed Relationship between own funds and business funds Fund procurement Subsidies Own fund If the subsidy rate is 1/2, the business scale can be considered up to twice the scale of the own fund. 1 1 Fund procurement Loans Own fund Although it is depending on the credibility of the business operator, at a general level, it can be thought up to 2 to 5 times scales of self-capital 4 1 Fund procurement Loan from financial institutions, etc. ( )Capital subordinated loans Fund subscriptions Own fund (partner business operators,) Own fund (farmers, forestry workers and fishery workers) By taking advantage of subscriptions by partners and funds, businesses of about 20 times scale of self-capital can be also considered ( )Capital subordinated loans are borrowings that can be regarded as capital rather than liabilities when a financial institution judges the financial situation. Copyright. Ministry of Agriculture, Forestry and Fisheries. 21

3 (Reference) Responding to the active use of funds To actively utilize the agriculture, forestry and fisheries growth industrialized funds, "Guidelines pertaining to utilization of agriculture, forestry and fisheries growth industrialization fund" (October 10, 2014) was formulated and announced to clarify the notes and utilization examples when utilizing the funds and the specific methods of financing for individuals, organizations and companies that engage in agriculture, forestry, and fisheries business. In addition, in order to reduce the contribution of farmers, forestry workers and fishery workers and partner companies participants in partnerships with funds, measures were taken so that it would be possible to raise the subscription ratio of sub-funds that had previously been limited to 50% (The amendment criteria (notification) was revised in October 10, 2014). Toward the establishment of the production base of agricultural corporations engaged in the AFFriinovation, "Enhancement of agricultural production base necessary for AFFriinovation of agriculture ~ Guidelines for utilization of "subscription"~ was formulated and announced (March 31, ). Formulating the guideline of utilizing funds In order to promote the use of funds by companies that participated in agriculture, we clarify points that are difficult to understand about the operation of the Fund, and illustrate examples of use. [Example of utilizing funds by the companies participated in agriculture] Participated in agriculture by lease method, and joined as farmers by farmers, forestry workers and fishery workers (Main body company) > by partner companies by sub funds Participated as a partner company of a group company which participated in agriculture, forestry, and fisheries business farmers, forestry workers and fishery workers (Group company) > by partner companies (Main body company) by sub funds [Example of fund procurement in fund utilization] In the case that additional 25 million yen is required for capital procurement Revision of the support standard (notification) If all the requirements of (1) to (3) below are met, we take measures that the proportion of voting rights the sub fund has in the 6th industrialized enterprise exceeds 1/2 of the total voting rights of the entity. Requirements for raising subscription ratio (1) It is difficult for farmers, forestry workers and fishery workers to conduct subscription in view of the scale of business, etc. (2) Ensuring high profitability is expected. (3) It contributes to ensure the incomes of farmers, forestry workers and fishery workers and to create a job opportunity in agricultural, mountain and fishing villages. Image of raising subscription ratio after revision 1/2 by farmers, forestry workers and fishery workers > by partner companies Sub-fund subscriptions * Continue to ensure the leadership of farmers, forestry workers and fishery workers Formulating the guideline to enhance the agricultural production basis Copyright. Ministry of Agriculture, Forestry and Fisheries. Utilization of "subscription" is also effective to improve the profitability of agricultural productions for agricultural corporation to promote AFFriinovation. Examples of the utilization of the following funds established under a policy framework are shown. (1) Utilizing the agricultural cooperate investment training system (2) Utilizing Agriculture, forestry and fishery growth industrialization fund (3) Utilizing the functions of the financial institutes with cooperation relationship 22

4 15 About the status of Sub-fund establishment 1. Sub-fund centering on regional financial agencies As of December 1, 49 sub-funds Total amount 70 billion yen (Among them, 35 billion yen from A-FIVE) The Hokkaido Bank, (30) North Pacific Bank, (30) The Daishi Bank, (5) 2. Sub-fund centering on major financial agencies JA- group(100) The Juroku Bank, (5) The Hokuetsu Bank, (5) Mizuho bank, (100)( 注 ) The Minato Bank, (10) Tomato Bank(10) The Fukui Bank, (10) Bank of Kyoto, (10) The Hachijuni Bank, (10) The Hokuriku Bank, (2) Kita-Nippon Bank, (5) The 77 Bank, (20.2) The Toho Bank, (20) The Syonai Bank, Hokuto bank, MichinokuBank co., The Tohoku Bank, (20) The Saikyo Bank, (10) The Nishi-Nippon City Bank, (20) The Bank of Saga, (5) Higo bank(10) Miyazaki Bank, (10) The Chugoku Bank, (5) The San-In Godo Bank, (10) The Bank of Fukuoka, (20) The Kagoshima Bank, (10) Bank of the Ryukyus, (5) The Hiroshima Bank, (10) The Iyo Bank, (20) Ehime Bank, (20) Shikoku Bank, (10) The Tajima Bank, (2) Shiga Bank, (5) Nanto Bank, (5) The Kiyo Bank, (10) The Awa Bank, (10) The Hyakujushi Bank, (5) The Kagawa Bank, and The Tokushima Bank, (5) The Towa Bank, (10) Joyo Bank, (10) Saitama Resona Bank, (5) The Chiba Bank, (20) The Yamanashi Chuo Bank, (5) The Shizuoka Bank, (5) The Bank of Nagoya, (10.8) The Hyakugo Bank, (5) For sub-fund, the major financial institutes are listed (Unit of total fund: billion yen), (including A-FIVE subscription) The Ashikaga Bank, (20) The Bank of Tokyo- Mitsubishi UFJ, (20) The Aomori Bank, The Akita Bank, The Bank of Iwate, The Yamagata Bank, Sumitomo Mitsui Banking Corporation(20) 3. Other sub-funds AP Company(10) (Note) Under the assumption of establishing multiple sub-funds through cooperation with regional financial institutions, we have received support decisions of 10 billion yen, and sub-funds are formed as part of it. The number of sub-funds is counted as 2. Copyright. Ministry of Agriculture, Forestry and Fisheries. 23

5 16 determination status of subscription projects for each region As of February 14, projects from 38 prefectures (yellow) out of 47 prefectures are constituted * The number of sub fund subscriptions does not include the sub fund against A FIVE direct subscription projects. Hokkaido 9 Ishikawa 2 Hiroshima 6 Aomori 2 Fukui 1 Yamaguchi 1 Iwate 4 Nagano 4 Kagawa 2 Miyagi 1 Gihu 3 Tokushima 2 Akita 1 Shizuoka 1 Ehime 4 Yamagata 1 Aichi 1 Fukuoka 6 Fukushima 2 Mie 1 Saga 1 Ibaraki 4 Shiga 1 Nagasaki 1 Tochigi 1 Kyoto 2 Kumamoto 8 Chiba 7 Hyogo 2 Miyazaki 4 Tokyo 5 Wakayama 3 Kagoshima 4 Kanagawa 1 Shimane 2 Okinawa 3 Niigata 3 Okayama 3 (Note) For the location, it is the location of the enterprises composed of farmers and companies from other industries The number of subscription decisions (cumulative) Copyright. Ministry of Agriculture, Forestry and Fisheries. FY 2012 FY 2013 FY 2014 FY FY (as of February 14, 2017) 24

6 About A-FIVE subscription projects (1) As of February 14, 2017 Entity name Sub fund (SF) Major investors Determined amounts for subscription by SF (unit: million yen) Business Consent Decision Date OcciGabi Winery Co., Ltd. (Yoichi Town, Hokkaido) North Pacific Bank, SF (60.95) Total subscription Produce high quality and high priced wine by using only the grapes produced in Yoichi September 2, 2013 (December 12, 2014) Japan Hort Business, Ltd. (Futtsu, Chiba) The Chiba Bank, SF 50 (25) * Cultivate new markets by aiming for exporting garden plants and bonsai to EU and North and South Americas in addition to China September 2, 2013 Okinawa Saibai Suisan, Co., Ltd (Yonaguni, Okinawa) The Nishi Nippon City Bank, SF 40(20)* Total subscription 80 Realize year round sale of high quality Japanese tiger prawns in Yonaguni island, Okinawa September 2, 2013 Nishinihon marine product, Co., Ltd. (Fukuoka, Fukuoka) The Nishi Nippon City Bank, SF 60(30)* Total subscription 120 Fattening immature eels under constant conditions and shipping as a mature eel October 9, 2013 Mirai Trading, Co, Ltd. (Kashiwa, Chiba) JA Group SF 20(10)* Total subscription 40 Distribution of lettuce in new packaging that can preserve its freshness November 11, 2013 Aomori Kaisan, Co., Ltd. (Fukaura, Aomori) MichinokuBank Co., SF 100 (50)* Total subscription 200 Freezing blue fin tuna and expanding new sales channels January 21, 2014 Oono Milk Kobo (Hirono, Iwate) The Tohoku Bank, SF 13 (6.5)* Total subscription 26 Development of high temperature retention sterilized lactating milk and soft cream mix and expansion of sales channels March 10, 2014 Kumamoto unpolished rice research institute (Otsu, Kumamoto) Higo Bank SF 130 (65)* Total subscription 260 Manufacture and sale of the unpolished rice bread and noodles with unpolished rice paste March 10, 2014 (March 2, ) Maisen Fine Food Co., Ltd (Sabae, Fukui) JA Group JA Group SF 50(25)* Product development and sales of dressed meat substitute products made from unpolished rice and soybeans April 14, 2014 VEGETA CORPORATION (Fukuyama, Hiroshima) The Chugoku Bank, SF 100 (50)* Total subscription 200 Manufacturing and sales of cut vegetables for whole Kyushu and consumption area by relay cropping April 14, 2014 Izumo Food Processing, Co., Ltd. (Itoshima, Fukuoka) JA Group Copyright. Ministry of Agriculture, Forestry and Fisheries. SF 35(17.5)* Total subscription 70 Sales daily dishes for all areas of Kyushu and consumption area by utilizing vegetables made from Kyushu April 14,

7 Entity name Sub fund (SF) Major investors About A-FIVE subscription projects (2) Determined amounts for subscription by SF (unit: million yen) Business Consent Decision Date Kagoshima Banz, Co., Ltd. (Kirishima, Kagoshima) AP company SF 30(15)* Total subscription 60 (Note 1) Processing and sales "Black Satsuma chickens" for food service chains April 14, 2014 Hikomabuta, Co., Ltd. (Mori, Hokkaido) North Pacific Bank, SF 3 (1.5)* Total subscription 6 Self brand restaurant by pig farmers, and expansion of sales channels to direct stores and food service business operators May 12, 2014 J ACE, Co., Ltd. (Chiyoda, Tokyo) JA Group SF 150(75)* Total subscription 300 Agricultural organization penetrates food service business such as restaurants specializing in Yakitori (grilled chicken restaurant) with a focus on chickens and pork May 12, 2014 Shinmei Agri Innovation (Chuo, Tokyo) Sumitomo Mitsui Banking Corporation SF 10 (5)* Total subscription 20 Based on the needs of customers, sales according to demand for various business use rice May 12, 2014 JW ARC (Japan Wine Agricultural Research Center), (Tomi, Nagano) The Hachijuni Bank, SF 68.1 (34.05)* Total subscription Brewing and sales of wine and cidre made from local grapes and apples May 12, 2014 Nishiawakura Morinogakkou, Co., Ltd. (Nishi Awakura, Okayama) JA Group SF 163.3(81.67)* Total subscription Manufacturing and sales of processing products made from thinning woods May 12, 2014 Inaho Farm, Co., Ltd. (Yawatahama, Ehime) Ehime Bank, SF 15 (7.5)* Total subscription 30 Sales of processing products by utilizing "Himekko Jidori (homebred chicken)", and business to newly penetrate to restaurants and direct sales stores May 12, 2014 NISHINIHON FLESH FOODS CO., (Kumamoto, Kumamoto) The Nishi Nippon City Bank, SF 150(75)* Total subscription 300 Producers and fruit and vegetable wholesale cooperate to manufacture and sell cut vegetables and cut fruits, such as salads May 12, 2014 Wonder Farm, Co. Ltd. (Iwaki, Fukushima) The Toho Bank, SF 240 (120)* Total subscription 480 Business aiming for reconstruction of stricken region, which is manufacturing and sales of processing products of tomato, and penetrating to restaurant operation business May 30, 2014 Katori Process Center, Co., Ltd. (Katori, Chiba) The Chiba Bank, SF 50 (25)* Manufacturing and sales of cut vegetables for business use and Tsukemono (Japanese pickled vegetables) with a focus on local vegetables. May 30, 2014 Fresh Vegetable Processing, Co., Ltd. (Nagano, Nagano) The Hachijuni Bank, SF 45 (22.5)* Total subscription 90 Manufacturing and sales of cut vegetables for business use and consumers by relay cropping system May 30, 2014 Sata Misaki no Oni, Co., Ltd. (Matsuyama, Ehime) The Iyo Bank, Copyright. Ministry of Agriculture, Forestry and Fisheries. SF 75 (37.5)* Total subscription 150 Processing and sales of Shirasu (a whitebait) by high added value methods according to the needs of mass sale shops and restaurants May 30,

8 Entity name Niigata Wine Village, Co., Ltd. (Niigata, Niigata) BEISHIN ISHIKAWA, inc. (Kanazawa, Ishikawa) MARS, Co. Ltd. (Mashiki, Kumamoto) Japan Agrigate Corporation (Kahoku, Yamagata) Japan Agri Innovation, Co., Ltd. (Koga, Ibaraki) Pure Dish, Co., Ltd. (Chiba, Chiba) Tokyo Delicatessen, Co., Ltd. (Asahi, Chiba) SHOKUEN, Co., Ltd. (Niimiya, Wakayama) Hirosaki, Co., Ltd. (Hirosaki, Aomori) Tsuchinoca, Co., Ltd. (Ashikaga, Tochigi) Tokusan Yasai Net, Co., Ltd. (Minami Awaji, Hyogo) Agulink Every Hiroshima, Co., Ltd. (Fukuyama, Hiroshima) Sub fund (SF) Major investors The Daishi Bank, JA Group Higo Bank The 77 Bank, Sumitomo Mitsui Banking Corporation and Joyo Bank, (Note 2) JA Group The Chiba Bank, The Kiyo Bank, The Aomori Bank, The Ashikaga Bank, The Minato Bank, The Hiroshima Bank, Copyright. Ministry of Agriculture, Forestry and Fisheries. About A-FIVE subscription projects (3) Determined amounts for subscription by SF (unit: million yen) SF 50 (25)* SF 260(130)* Total subscription 520 SF 99.5 (49.75)* Total subscription 199 SF 6.9 (3.48)* Total subscription 13.9 (Sumitomo Mitsui: 24.8, Joyo: 6.2) SF 31(15.5)* Total subscription 62 SF 60(30)* Total subscription 120 SF 35 (17.5)* Total subscription 70 SF (67.45)* Total subscription SF 31.5 (15.76)* Total subscription 63 SF 9 (4.5)* Total subscription 18 SF 40 (20)* Total subscription 80 SF 40 (20)* Total subscription 80 Business Wine production for new customers, and sales and restaurant business combined with agricultural and livestock products Development of new products such as Sushi processing products by utilizing rice made from Ishikawa, and opening a new directly managed store Manufacturing and sales of the processing products of agricultural and livestock products made from Kumamoto (for example, Vegetable Set Pack, Dry Aging Beef) Gift market by the cooperation between orchard farmers and partner companies, and processing and sales business of fruits by exporting Sales business with year round shipping of vegetables by contract culture in the cooperation among vegetable farmers Processing and sales of domestic agricultural and livestock product of vegetables and chickens which the new technology (vacuum lowtemperature cooking method) has been implemented Development of restaurant business with the brand pork, "Nadeshiko Pork" as the main material Sales business such as exporting of Fillet processing product of cultured fishes with a focus on Japanese amberjack Processing and sales of cut apples using the apples of local produce Manufacturing and sales of processing foods of agricultural and livestock of local produce such as Marc beef and asparagus Manufacturing and sales of domestic dried vegetables (such as onions) with a focus on products made from Awaji Island Manufacturing and sales of kimchi using Chinese cabbage and of cut vegetables. Consent Decision Date June 23, 2014 July 4, 2014 July 4, 2014 August 8, 2014 August 8, 2014 August 8, 2014 August 8, 2014 August 8, 2014 September 11, 2014 September 11, 2014 September 11, 2014 September 11,

9 About A-FIVE subscription projects (4) Entity name Sub fund (SF) Major investors Determined amounts for subscription by SF (unit: million yen) Business Consent Decision Date Harada Farm, Co., Ltd. (Mima, Tokushima) The Awa Bank, SF 50 (25)* Restaurant business using the brand pork, "Awa Pork November 6, 2014 Satoyama Agri, Co., Ltd. (Kurashiki, Okayama) Tomato Bank SF 10 (5)* Total subscription 20 Restaurant operation and manufacturing and sales of processing products using the self produced tomatoes and the agricultural products made from the prefecture December 12, 2014 Japan Food and Culture Kakehashi Company (Uruma, Okinawa) Bank of the Ryukyus, SF 100 (50)* Total subscription 200 (Note 1) Manufacturing and sales of daily dishes by utilizing agricultural and livestock product throughout the country December 12, 2014 (June 10, ) Mottainebe, Co., Ltd. (Mito, Ibaraki) The Ashikaga Bank, SF 31 (15.5)* Total subscription 62 Development and sales of new products such as the paste of potato and chestnut using sweet potatoes and chestnuts of Ibaraki produce January 15, Ibaraki Mogitate Factory, Co., Ltd. (Ibaraki, Ibaraki) JA Group SF 50(25)* Sales of the frozen daily dishes using vegetables of Ibaraki produce to restaurant business operators January 15, Fun Garden, Co., Ltd. (Matsuyama, Ehime) The Iyo Bank, SF 68 (34)* Total subscription 136 Direct sales of vegetable & flower seedlings to consumers through the development of retail stores January 15, Okazaki Farm, Co., Ltd. (Miyazaki, Miyazaki) Miyazaki Bank, SF 46.7 (23.4)* Total subscription (Note 1) Processing and sales of beef and dry aging beef, and restaurant business January 15, Satsuma Fukunaga Farm, Co., Ltd. (Satsuma, Kagoshima) The Kagoshima Bank, SF 10 (5)* Total subscription 20 Processing and sales of beef and dry aging beef January 15, Hokkaido Soba Seifun, Co., Ltd. (Tomakomai, Hokkaido) The Hokkaido Bank, SF 100 (50)* Total subscription 200 (Note 1) Manufacturing and sales of soba flour using brown buckwheat of Hokkaido produce February 10, Paard Musee (Dosanko Musee, Co., Ltd.) (Nanae, Hokkaido) North Pacific Bank, SF 149 (74.5)* Total subscription (Note 1) Stay type tourism business to conduct processing agricultural and livestock product and operating the restaurant facility February 10, Iwate Farmer's Meat, Co., Ltd. (Oshu Iwate) Kita Nippon Bank, SF 50 (25)* Sales of the beef produced in Iwate, which maintains its freshness by refrigeration technology to restaurant business operators February 10, Copyright. Ministry of Agriculture, Forestry and Fisheries. 28

10 Entity name About A-FIVE subscription projects (5) Sub fund (SF) Major investors Determined amounts for subscription by SF (unit: million yen) Business Consent Decision Date sum mine, Co., Ltd. (Mine, Yamaguchi) The Saikyo Bank, SF 15 (7.5)* Total subscription 30 Processing and sales of mushroom bed Shiitake by a container type cooling box February 10, Van Veel Foods, Co., Ltd. (Fukuoka, Fukuoka) The Nishi Nippon City Bank, SF 20(10)* Total subscription 40 Manufacturing and sales of the processing product using honey and citrus fruit February 10, Sousei, Co., Ltd. (Mifune, Kumamoto) Higo Bank SF 50 (25)* Processing and sales of healthy food & cosmetic raw materials using soybeans, etc. February 10, Berg Fukushima, Co., Ltd. (Kawamata, Fukushima) JA Group SF 125(62.5)* Total subscription 250 Processing and sales of vegetable seedlings by utilizing the plant vaccination technique March 2, Takeno Food Service, Co., Ltd. (Fukuoka, Fukuoka) Nishi Nippon City Bank, Ltd. SF 70(35)* Total subscription 140 Restaurant business of Tori shabu (thin slices of chicken parboiled in hot soup) using mainly the chicken and eggs produced by chicken farms March 2, Farm Create, Co., Ltd. (Kikuyo, Kumamoto) Nishi Nippon City Bank, Ltd. SF 42(21)* Total subscription 84 Restaurant business using Japanese beef and horses produced by livestock farmers March 2, Mizuho Japan, Co., Ltd. (Tsukuba, Ibaraki) Joyo Bank SF 13.8 (6.9)* Total subscription 27.6 Exporting vegetables and fruits from Ibaraki April 7, Kushimoto Ryohama, Co., Ltd. (Kushimoto, Wakayama) Sumitomo Mitsui Banking Corporation SF 21 (10.5)* Total subscription 42 Processing and sales of fishes (including tuna) and seaweed April 7, Shiikatou, Co., Ltd. (Kobayashi, Miyazaki) Miyazaki Bank, SF 39 (19.5)* Total subscription 78 Processing, sales and exporting of powdered tea and barley grass April 7, Niigata Nosho, Co., Ltd. (Niigata, Niigata) The Daishi Bank, SF 100 (50)* Total subscription 260 (Note 1) Business of expanding export of the rice made from Niigata by the companies participated in agriculture and local farmers. April 14, Kakinoki Reion Foods, Co., Ltd. (Nagano, Nagano) The Hachijuni Bank, Copyright. Ministry of Agriculture, Forestry and Fisheries. SF 49 (24.5)* Total subscription 98 Manufacturing and sales business of the frozen cut mushrooms (enoki mushroom), etc. May 13, 29

11 About A-FIVE subscription projects (6) Entity name Sub fund (SF) Major investors Determined amounts for subscription by SF (unit: million yen) Business Consent Decision Date Mannan Kohboh Hida, Co., Ltd. (Gero, Gifu) The Juroku Bank, SF 25 (12.5)* Total subscription 50 Manufacturing and sales business of konnyaku for refrigeration May 13, GlobalWorks Saitou, Co., Ltd. (Otsu, Kumamoto) Higo Bank SF 40 (20)* Total subscription 80 Restaurant business which is established together with the meat shop managed directly by the farm using Japanese black beef June 9, Hirakawa Winery, Co., Ltd. (Yoichi, Hokkaido) The Hokkaido Bank, SF 50 (25)* (Note 1) Production of wine using grapes for local wine and sales business to restaurants and hotels July 17, NIKI Hills Village, Co., Ltd. (Niki, Hokkaido) North Pacific Bank, SF (81.05)* Total subscription Winery business which is established together with a restaurant and used the grapes for local wine July 17, Saluteria, Co., Ltd. (Hachioji, Tokyo) The Hachijuni Bank, SF 30 (15)* Total subscription 60 Sales of processing product of cut vegetables led by the farmers centering on Nagano prefecture July 17, BIEI Farmer's Market, Co., Ltd. (Biei, Hokkaido) North Pacific Bank, SF 66.6 (33.3)* Total subscription Auberge using "Biei Japanese beef" and sales business of daily dishes August 12, Hinokko Farm, Co., Ltd. (Saka, Hiroshima) The Nishi Nippon Cith Bank, SF 50(25)* Processing and sales of the mangos made from Ishigaki and the log grown shiitake made from Hiroshima August 12, Uwajima Kaido, Co., Ltd. (Uwajima, Ehime) The Iyo Bank, SF 150 (75)* Total subscription 300 Sales of cultivated Japanese amberjacks to both domestic and overseas in refrigeration processing August 12, Fujita Farm, Co., Ltd. (Niigata, Niigata) The Hokuetsu Bank, SF 20 (10)* Total subscription 40 Steak and Yakiniku restaurants business directly managed by the livestock farmer September 11, Heidihof, Co., Ltd. (Wajima, Ishikawa) The Hokuriku Bank, SF 30 (15)* Total subscription 60 Restaurant and sales business utilizing wines and local agricultural and livestock products September 11, Farm Suzuki, Co., Ltd. (Osaki Kamijima, Hiroshima) The Hiroshima Bank, Copyright. Ministry of Agriculture, Forestry and Fisheries. SF 15 (7.5)* Total subscription 30 Exporting and restaurant business of cultured oysters and whiteleg shrimps *: The inside of () is equivalent of A-FIVE subscription (Note 1): Including stocks without voting rights September 11, 30

12 About A-FIVE subscription projects (7) Entity name Sub fund (SF) Major investors Determined amounts for subscription by SF (unit: million yen) Business Consent Decision Date Oak Village, Co., Ltd. (Takayama, Gifu) The Juroku Bank, SF 92.4 (46.2)* Total subscription Manufacturing and sales a spatial set by furniture/ craft items and wooden panels using broad leaved tree and thinning woods September 18, Matsujiro no Mise, Co., Ltd. (Matsuzaka, Mie) The Hyakugo Bank, SF 10 (5)* Total subscription 20 Manufacturing and sales of honey processing products by beekeepers October 14, JFA, Co., Ltd. (Nagashima, Kagoshima) JA group SF 35(17.5)* Total subscription 70 Restaurant business and the sales of fisheries processing products by fisheries organizations October 14, N K F, Co., Ltd. (Natori, Miyagi) The Syonai Bnak, SF 10 (5)* Total subscription 20 Expanding new sales channels for local vegetables by the affected farmers November 10, Rice Frontier, Co., Ltd. (Yokohama, Kanagawa) Sumitomo Mitsui Banking Corporation SF 40 (20)* Total subscription 80 Exporting of rice by the corporations participated in agriculture November 10, Nishinihon Tane Center, Co., Ltd. (Fukuoka, Fukuoka) The Nishi Nippon City Bank, SF 80(40)* Total subscription 160 Expanding new sales channels by a domestic overall production of seeds for vegetables November 10, Goto live company, Co., Ltd. (Goto, Nagasaki) The Bank of Fukuoka, SF 96 (48)* Total subscription 192 Processing and sales business of aquatic products by fisheries organizations November 10, Be Smile Project, Co., Ltd. (Kagoshima, Kagoshima) A FIVE The Kagoshima Bank, Higo Bank The Bank of Fukuoka, Sumitomo Mitsui Banking Corporation A FIVE 1,001 SF 250(125)* Total subscription 2,502 Business to expand various restaurants by livestock business operators producing meat beef mainly in South Kyushu December 11, (Direct subscription) December 22, (SF subscription) Ao no Diamond, Co., Ltd. (Tadotsu, Kagawa) The Hyakujushi Bnak, SF 15 (7.5)* Total subscription 30 Manufacturing and sales of olive products by utilizing local olives December 11, Akitaya, Co., Ltd. (Yokote, Akita) The Akita Bank, SF 5 (2.5)* Total subscription 10 Business of exporting the rice made from Akita to Singapore January 15, Copyright. Ministry of Agriculture, Forestry and Fisheries. 31

13 Entity name About A-FIVE subscription projects (8) Sub fund (SF) Major investors Determined amounts for subscription by SF (unit: million yen) Business Consent Decision Date F F T, Co., Ltd. (Taito, Tokyo) Sumitomo Mitsui Banking Corporation SF 75 (37.5)* Total subscription 150 Business of exporting Shiitake mushrooms which can maintain its freshness for a long period to the United States by ship January 15, Zerosan, Co., Ltd. (Nagahama, Shiga) Shiga Bank, SF 15 (7.5)* Total subscription 30 Restaurant business to provide foods made from Shiga in Tokyo January 15, Progrea, Co., Ltd. (Aso, Kumamoto) The Nishi Nippon Bank, SF 125 (62.5)* Total subscription 250 Operating the auberge and mail order business by utilizing agricultural products in Aso region January 15, Shoku no Gekidan, Co., Ltd. (Chiyoda, Tokyo) A FIVE A FIVE 500 Total subscription 1,000 Business which multiple domestic producers cooperate to export to Asian countries, to establish a local corporation, and to operate a restaurant H Mikage Bioenergy, Co., Ltd. (Shimizu, Hokkaido) The Hokkaido Bank, SF 100 (50)* Total subscription 220 Bio gas power generation business by livestock farmers using livestock excrement as raw materials February 12, Carrot & Vegetable, Co., Ltd. (Futtsu, Chiba) The Chiba Bank, SF 35.7 (17.9)* Total subscription 71.4 Sales of organic vegetables at a small scale store and restaurant business March 11, Shinshu Takayama Winery, Co., Ltd. (Takayama, Nagano) The Hachijuni Bank, SF 35 (17.5)* Total subscription 70 (Note 1) Brewing and sales of wine using grapes for wine made from Takayama village in Nagano March 11, MICHINARU Co.,Ltd (Takayama, Gifu) The Juroku Bank, SF 90 (45)* Total subscription 180 Refrigeration processing & sales business of agricultural products made in Hida such as spinach March 11, KOTO KYOTO Co., Ltd. (Kyoto, Kyoto) JA group Bank of Kyoto, And others, (Note 2) SF 40(20)* Total subscription 80 Processing & Sales business of frozen cut Kyoto vegetables such as kujo negi (leek from Kujo) March 11, Hiroshima Agri Food Services Co., Ltd. (Hiroshima, Hiroshima) The Hiroshima Bank, SF 200 (100)* Total subscription 400 Food services business for schools and facilities for elderly by utilizing local agricultural products, etc. March 11, Kuji Biomass Energy Co., Ltd. (Kuji, Iwate) MichinokuBank, co., SF 25 (12.5)* Total subscription 73 *: Copyright The inside Food of Industry () is Affairs equivalent Bureau. Ministry of A-FIVE of Agriculture, subscription(note Forestry and Fisheries. 1): Including stocks without voting rights Manufacturing and sales business of wood chips which utilize unused materials and waste mushroom bed as heat source (Note 2): Joint subscription from multiple sub-funds April 15, 32

14 About A-FIVE subscription projects (9) Entity name Sub fund (SF) Major investors Determined amounts for subscription by SF (unit: million yen) Business Consent Decision Date Binan Food Co., Ltd. (Soja, Okayama) Tomato Bank SF 10 (5)* Total subscription 20 Drying processing and sales business of domestically produced cloud ear mushrooms April 15, Oki Beef Co., Ltd. (Ama town, Shimane) The San In Godo Bank, SF 50 (25)* Restaurant (Japanese cuisine) business utilizing Oki beef and aquatic products taken locally April 15, Minematsu Brewery Co., Ltd. (Kashima, Saga) The Bank of Saga, SF 14.8 (7.4)* Total subscription 29.8 Manufacturing and sales business of Japanese sake and rice confectionery using rice produced in Saga April 15, WISHIA Co., Ltd. (Otofuke town, Hokkaido) North Pacific, Bank, SF 25 (12.5)* Total subscription 50 Developing restaurant business using "Mirai Memuro Ushi", etc. May 13, JAPAN BEEF COMMUNICATION Co., Ltd. (Manno town, Kagawa) The Kagawa Bank, SF 32(16)* Total subscription 64 (Note 1) Business of exporting beef produced by livestock producers in Kagawa to Singapore May 13, Food Labo Factory Co., Ltd. (Chita, Aichi) The Bank of Nagoya, SF 35(17.5)* Total subscription 70 (Note 1) Manufacturing and sales business of processing products which corporations newly participated in agriculture utilize western vegetables, etc. June 10, Marine Link Co., Ltd. (Iheya village, Okinawa) The Chugoku Bank, SF 20 (10)* Total subscription 40 Sales business of yellowfin tunas locally taken and processing products June 10, THE FARM (Katori, Chiba) The Chiba Bank, SF 45 (22.5)* Total subscription 90 Farm resort business such as camping utilizing local vegetables July 13, MUSUBINO (Kyoto, Kyoto) Bank of Kyoto, SF 15(7.5)* Total subscription 30 (Note 1) Business of restaurant and sales of goods utilizing Kyoto vegetables, wild game, Uji tea July 13, Kawagishi stock raising Co., Ltd. (Nishiwaki, Hyogo) The Tajima Bank, SF 20 (10)* Total subscription 40 Yakiniku restaurant and dressed meats businesses using Tajima beef, etc. July 13, *: The inside of () is equivalent of A-FIVE subscription (Note 1): Including stocks without voting rights Copyright. Ministry of Agriculture, Forestry and Fisheries. 33

15 About A-FIVE subscription projects (10) Entity name Sub fund (SF) Major investors Determined amounts for subscription by SF (unit: million yen) Business Subscriptio n Consent Decision Date MJ Beef Co., Ltd. (Matsue, Shimane) The San In Godo Bank, SF 30 (15)* Total subscription 60 Business of processing delivered cow of Japanese black beef to dry aging beef and of sales to food business operators and consumers September 9, Japan Caviar Co., Ltd. (Miyazaki, Miyazaki) Miyazaki Bank, SF 20 (10)* Total subscription 40 Processing and sales business of sturgeon's eggs (caviar) cultured in Miyazaki and fish meats September 9, Sanriku Resort Co., Ltd. (Ofunato, Iwate) The Bank of Iwate, SF 10 (5)* Total subscription 20 Manufacturing processing products utilizing wakame seaweed and scallops produced in Sanriku and business of sales of aquatic products by corporating with local fisheries business operators October 12, TSUNO WINE (Tsuno, Miyazaki) AP COMPANY CO.,. SF 97.8(48.9)* Total subscription Brewing and sales business of high-quality wine using dedicated grapes for wine made in Tsuno October 12, Fuji no Kuni Nyugyo Co., Ltd. (Fujinomiya, Shizuoka) The Shizuoka Bank, SF 15 (7.5)* Total subscription 30 Manufacturing of cow milk and milk products limited to local raw milk, and sales business to school lunch, etc. November 15, Buena Pinta Co., Ltd. (Naruto, Tokushima) The Awa Bank, SF 30 (15)* Total subscription 60 Manufacturing of primary processing products for restaurant utilizing local vegetables centering on Naruto in Tokushima and restaurant business November 15, Sabondochino Co., Ltd. (Omuta, Fukuoka) The Nishi Nippon Bank, SF 50 (25)* Manufacturing and sales business of cosmetics such as framed soaps and hand cream whose raw materials are horse oil and camellia oil December 12, ICHIKOTO Co., Ltd. The Hiroshima (Miyoshi, :( Hiroshima) ) 内はA-FIVE 出資相当分 Bank, SF 25 (12.5)* Total subscription 50 Providing cooking experience utilizing apples and strawberries and the restaurant business January 18, 2017 Bamboo Material Co., Ltd. (Nankan town, Kumamoto) The Bank of Fukuoka, SF 400 (200)* Total subscription 800 Manufacturing and sales business of house construction materials whose raw materials are bamboo January 18, 2017 Potager Co., Ltd. (Kinokawa, Wakayama) Nanto Bank, Copyright. Ministry of Agriculture, Forestry and Fisheries. SF 45 (22.5)* Total subscription 90 Manufacturing and sales business of freeze-dried foods utilizing onions and cabbages February 14,

16 About A-FIVE subscription projects (10) 〇 Projects that subscription is decided: 109, amount: 8.23 billion yen A-FIVE direct subscription: 2 projects, amount: billion yen Sub-fund subscription: 107 projects, billion yen (including A-FIVE portion, billion yen)* Total subscription billion yen * The number of sub fund subscriptions does not include the sub fund against A FIVE direct subscription projects. Capital subordinated loan: 27 projects, billion yen *: The inside of () is equivalent of A FIVE subscription Copyright. Ministry of Agriculture, Forestry and Fisheries. 35

17 (Reference) Example of Efforts for AFFriinovation (1) Development of various processing products of citrons through communitywide activity Developing functional foods of traditional vegetables to be tackled with the female point view (1) Umaji village agricultural cooperative organization [Umaji village, Kochi] Various processing products of citrons carrying the name of Umaji village Improving added value by developing processing products in order to make effective use of citrons which are difficult to ship due to bad shape. The village unites to tackle to develop products and to advertise them and puts the name of Umaji village at a forefront to establish its brand. Developing the cosmetics newly utilizing citron seeds through the joint research with Kochi University. Sales: approx. 0.1 billion yen (1989) approx. 3.1 billion yen (2012) # of hired (# of staff) 19 (1989) 96 (2013) Certification of Comprehensive business plan (October, 2014) (2) Nakijin Zamami Farm, Co., Ltd. [Nakijin village, Okinawa] Processing products of Okinawa traditional vegetable, called "Kuwan-sou (daylily)" and experience of flower picking Focusing on the functionality of the Okinawa traditional vegetable which improvement of sleep efficiency can be expected, sell the primary processing products to pharmaceutical companies. Manufacturing and sales of processing products such as sweets at own company for aiming to improve added value. It made flower picking bus tour commercialization by cooperating with a local tourism company, and the number of visitors increased. Sales: 15 million yen (2011) 18 million yen (2013) # of hired (including part-timers) 3 (2011) 5 (2013) Certification of Comprehensive business plan (May 2012) Production Purchasing all of the ingredient citrons from union members at higher price than the market price Processing In order to make effective use of seeds, develop functional products by cooperating with the University Copyright. Ministry of Agriculture, Forestry and Fisheries. Sales With the unique name and package of the product, it also disseminates the attraction of Umaji village, expanding sales, revitalizing the village, and producing and processing and sale. Production Processing Sales Focusing on the functionality of improvement of sleep efficiency, it expanded its production for processed materials. It developed processing products such as sweets with cooperating with food manufacturers It cooperated with tourism in feminine power of idea, and the numbers of visitors and sales have increased. Production Processing Sales 36

18 (Reference) Example of Efforts for AFFriinovation (2) Processing konnyaku potatoes in organic farming and expanding to overseas Developing of meat processing products in manufacturing methods of genuine preparation (3) GREEN LEAF Co., Ltd. [Showa village, Gunma] Konnyaku product Frozen spinach The company, which produces and processes organic JAS certified konnyaku potatoes, produces the konnyaku product called "Shirataki pasta" and exports them to overseas. With cooperating with a trading company, it investigated the needs of export destinations regarding shapes and weights. It implemented new manufacturing facilities in order to supply the products that meet needs. Besides konnyaku products, it conducted frozen processing of spinaches to produce in organic farming, and manufacturing pickles. Sales: 647 million yen (2010) 654 million yen (2014) # of hired (including part-timers) 59 (2011) 71 (2014) Certification of Comprehensive business plan (October 2014) (4) IKEDA FARM Inc. [Toyama, Toyama] Uncured ham and salami, etc. In order to diversify its management, it established the direct sales department of beef and the processing department of sausages, etc., and manufactured meat processing products. It reared better quality beef by self-supply roughage and improved meat quality and acquired manufacturing technique at an acquaintance's meat processing store. For rock salt, spice and manufacturing method, it stuck to Germany where is the home of meat processing, and it won the Gold prize in the contest in Germany. Sales: 80 million yen (2004) 167 million yen (2012) Number of hired (including part-timers): 4 (2004) 7 (2012) Certification of Comprehensive business plan (May 2012) Production Processing Sales Production Processing It produced organic JAS certified konnyaku potatoes Besides, it produced organic farming vegetables It develops various konnyaku products which meets the needs of user demands from organic JAS certified konnyaku potatoes Copyright. Ministry of Agriculture, Forestry and Fisheries. It promotes "organic and healthy" which have appeal in overseas, and exports them to overseas It reared better quality beef by selfsupply roughage and improved meat quality. It imported rock salt, spices and herbs from Germany, as well as processed in the manufacturing method of genuine preparation Sales The consumer's evaluations were reflected to production, etc. It promoted the actual performance in the contest in Germany to earn more customers 37

19 (Reference) Example of utilizing Agriculture, forestry and fishery growth industrialization fund (1) Auberge Project utilizing agricultural and livestock products produced in Biei Producing and Sales Project of export rice made in Niigata Farmers, forestry workers and fishery workers Producing of Japanese beef and jersey milk and supplying of raw materials Partners Supporting for sales and attracting customers Farmers, forestry workers and fishery workers Providing production technique & sales channels BIEI Farmer's Market, Co., Ltd. [Biei town, Kamikawa gun, Hokkaido] Livestock business operators cooperated with tourism business operators to operate the auberge (restaurant with accommodation). It develops retail business outside of Hokkaido, aiming for improving the brand value of agricultural and livestock products in Biei. Certification of Comprehensive business plan (August ) Niigata Nosho, Co., Ltd. [Niigata, Niigata] The companies participated in agriculture and surrounding agricultural business operators export the rice made in Niigata to Asian countries. The participated company provides feedbacks the needs of overseas demands to the farmers, as well as realizes the production cost reduction and the shortening of labor hours through proactive implementation of production techniques which the company has. Certification of Comprehensive business plan (April ) Production Processing Sales Production Distribution Sales Besides to supply livestock products, the producers in Biei supply vegetables, etc. It develops the menu using "Biei Japanese Beef", etc., and manufactures daily dishes (croquettes and homburgs, etc.) Copyright. Ministry of Agriculture, Forestry and Fisheries. For auberge, it utilizes the partner's knowhow about customers acquisition It develops retail business outside of Hokkaido Producing the rice specialized in export rice Reducing the production cost by implementing direct sowing of iron coating, etc. Unpolished rice is shipped as it is to overseas to provide very fresh product by polishing its rice at site Conduct the sales cooperating with a local corporation. Expanding the sales channels for consumers, in addition to for restaurants. 38

20 (Reference) Example of utilizing Agriculture, forestry and fishery growth industrialization fund (2) Processing and Sales Project of sweet potatoes and chestnuts made in Ibaraki Restaurant, Processing and Sales Project by fisheries organizations, etc. Farmers, forestry workers and fishery workers Supplying sweet potatoes & chestnuts Partners Providing sales channels & processing know-how Farmers, forestry workers and fishery workers Providing aquatic products such as Japanese amberjacks Partners Providing sales channels Mottainebe, Co., Ltd. [Mito, Ibaragi] Developing new products such as dried sweet potatoes as that the sweet potatoes and chestnuts made in Ibaraki are ingredient, and selling inside and outside of the prefecture. For dried sweet potatoes, realizing a year-round production and supply by using not solar drying but vacuum dryer, as well as increasing good flavor, and even added value in terms of quality such as keeping color. Certification of Comprehensive business plan (January ) JFA. Co, Ltd. [Nagashima town, Izumi gun, Kagoshima] (Example of the menu to provide) With the cooperation of a partner company having wide range of sales channels, selling the processing products utilizing the "Buri Ou" brand Operating a restaurant for tourists, and to develop and provide a menu utilizing fresh seafoods Certification of Comprehensive business plan (October ) Production Processing Sales Production Processing Sales Providing a new breed with high sugar content and good taste to differentiate from conventional breed Utilizing non-standard products Realizing a year-round supply by implementing facilities such as a storage cabinet and vacuum dryer Expanding the sales channels inside and outside in the prefecture such as department stores, famous cake shops, accommodation business operators, etc. Providing the processing products of Japanese amberjacks produced in JF Azuma town as the "Buri Ou" brand Spreading fish meals through developing a menu and providing a recipe by a nutritarian Providing them at restaurants for tourists Sales of processing products utilizing the sales channels of the partner company Copyright. Ministry of Agriculture, Forestry and Fisheries. 39